Chevy Volt Costing Taxpayers Up to $250K

[luckytxn 2,265]

Analyst: 'This might be the most government-supported car since the Trabant'

By Tom Gantert | Dec. 21, 2011

Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.

Hohman looked at total state and federal assistance offered for the development and production of the Chevy Volt, General Motors’ plug-in hybrid electric vehicle. His analysis included 18 government deals that included loans, rebates, grants and tax credits. The amount of government assistance does not include the fact that General Motors is currently 26 percent owned by the federal government.

<br style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; "><br style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; ">Read more:

http://nation.foxnews.com/chevy-volt/2011/12/21/report-chevy-volt-costing-taxpayers-250k-vehicle#ixzz1hBYKvPfq

[Danno 1,228]

Isn't this another case of the Gov't trying to pick winners and losers in business with our money?

Folks the train has left the station, between rewarding the top 50% who don't pay taxes and enriching chosen business's who feed at the trough... the inevitable is coming.

You can cut back here and there depending on which party is in power but the momentum keeps moving forward.

In fact each new step in this direction is justification for the next.

[bigdog 376]

Government motors, did not get my vote to buy them.